Letter: The essence of capitalism

Throughout this campaign season, one of the major themes has been the concept of capitalism.

Explanations abound as to what capitalism really is, and everyone in their attempts to define the term succeeds in only causing more confusion.

The concept of capitalism can be explained in two words: economic freedom. In simple terms, it means that everyone who dreams of becoming an independent business person has the right to succeed or fail on his own terms.

It also means that he has the right to operate that business venture without the help or interference of outside parties, namely government.

Repeatedly in this newspaper's "Sound Off" column, people complain of the lack of some type of business in their area.

They apparently never consider the fact that to set up a successful business, there has to be a demand for that business or service.

There has to be someone willing to make the capital investment through the purchase of a franchise for that business or service. Also, there has to a reasonable expectation of a profit from that business or service. This is the essence of capitalism.

Without the willingness to take a chance on success or failure, you have no business.

Right now, with the interference from unionization, environmentalism and excessive taxation, enthusiasm for business ventures is greatly diminished. Only with changes in governmental policy at both local and federal levels will this enthusiasm return.

This will require a change in leadership at both levels of government. We are the ones who can make these changes, if we have the heart.